Chipmaker Qorvo rises on upbeat Q2 forecast

Qorvo

29/07/2025 21:21

** Shares of smartphone chipmaker Qorvo QRVO.O rise 8% to $91.44 in extended trading

** QRVO forecasts Q2 revenue above estimates

** Company expects September-quarter revenue of about $1.03 billion, vs estimates of $957.3 million, according to data compiled by LSEG

** QRVO forecasts Q2 adjusted per-share earnings of about $2, above estimates of profit of $1.61 per share

** "We are undertaking a broad set of initiatives to structurally enhance profitability, and we are already seeing the positive effects of these strategic actions"- CEO Bob Bruggeworth

** Company expects sequential growth and margin expansion in the September quarter, helped by increases in Qorvo content and unit volumes in large customer programs - CEO

** Company reported Q1 revenue of $818.8 million, beating estimates of $775.6 million

 (Reporting by)

 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))